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Why do classical economists predict that economies will generally be at full employment?
effects of implicit variables on supply and demand. Elucidate what would happen to the price of a pair of jeans if the following happened.
Illustrate what is the number of kilowatt hours of electricity produced and what is the price that the company will charge.
Consider the following information for a monopoly firm. Assume that Q equals the level of output and all costs are economic costs.
Lerner Index to compute your price mark-up. What is your optimal price if you produce 1000 units.
Insurance policies often are a combination of a savings program and life insurance. The individual pays the company, say, $1000 a year; $100 of that goes to cover the risk of his dying during the year, and the remainder goes into a savings program..
Suppose the quantity demanded of ski boats falls from 4.0 million to 3.0 million. What's the percentage change in quantity demanded using the midpoint formula?
Suppose that management and labor are bargaining over the distribution of excess profits amounting to $200 per worker. Suppose that failure to reach an agreement an agreement reduces management's share of the surplus by 5 percent per round and reduce..
If domestic price of oranges is $3.00 per pound and the world price is $2.50 per poundf and if the nation allows unrestricted trade, what will be the result to consumer and producer surplus?
Assume that at current consumption levels an individual marginal utility of consuming an extra hot dog is ten whereas the marginal utility of consuming an extra soft drink is 4.
1. How does the financial aspect of an organization influence decision making and the outcome? 2. What are the advantages and disadvantages of a firm's use of power purchasing parity? Provide an example.
Imagine that you are a European living in the year 1919. How have the developments of the previous decades influenced your religious beliefs? Have they eroded or strengthened your traditional values?
Thinking back to the business cycle discussion, how would Keynesian economists explain the performance of the economy during the last few years? Show graphically using the AD/AS model, and explain your reasoning.
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